Post By Martin 0 Comments
October 2009 06

RBS to invest £6 billion on technology and marketing

http://www.finextra.com/fullstory.asp?id=20567

Royal Bank of Scotland CEO Stephen Hester has pledged to spend some £6 billion on technology and marketing over the next five years as he bids to revive the fortunes of the distressed UK bank.

Speaking at a Bank of America Merrill Lynch conference in London, Hester said his aim was to reverse the failed past policy of expansion by acquisition in order to re-invest in the business and focus on organic growth opportunties.

Interesting, I wonder what range of technologies the bank will be using, and if this includes data center migrations, virtualization and consolidation? Might there be movements towards desktop virtualization and working from home? There are many changes being made over at RBS (as colleagues tell me), investment in their technology should further enable the bank to earn revenue, manage their risk and deliver a more effective range of services for their customers.

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